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asset-backed security
(redirected from Asset-backed securities)

   Also found in: Wikipedia 0.07 sec.
Asset-backed security

asset-backed security
A debt security collateralized by specific assets. Although the term applies to any debt backed by identified assets, it generally refers to securities backed by short-term collateral such as credit-card receivables, car loans, and home-equity loans. Because even the most financially strapped companies can hold valuable assets, it is possible for the credit quality of asset-backed securities to be substantially better than the general credit of the company issuing the securities.

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Borg-Brenner started her career at Credit Suisse in fixed income and asset-backed securities research.
issued an equipment lease transaction in the public market, creating the first asset-backed security, according to the Dean Witter Asset-Backed Securities Reference Guide.
To provide perspective, I will begin by reviewing the evolution and current state of the general asset-backed securities market.
 
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